Thursday, May 16, 2013

Think you can win Powerball? Don't bet on it

The Powerball jackpot is up to $475 million, the second-largest in the lottery's history. Lottery officials put the odds of winning at one in 195 million, "meaning you are 251 times more likely to be hit by lightning," reports Alan Farnham of ABC's Good Morning America.

Below is an excerpt from Farnham's report:

"Skip Garibaldi, a professor of mathematics at Emory University in Atlanta, provides additional perspective: You are more likely to die from all of the following than you are to win tonight's drawing: be hit by a falling coconut, be blown up by fireworks, or be eaten by flesh-eating bacteria.

"Even though he knows the odds all too well, Garibaldi says that he has played past lotteries. 'When it gets big, I'll buy a couple of tickets. It's kind of exciting. You get this feeling of anticipation. You get to think about the fantasy.'

"Writing for the New York Post, Garibaldi recently reviewed the book 'Brain Trust,' in which 93 scientists give advice on subjects that include how to win the lottery.

"Their advice, he says, includes the following:

"Pick the most unpopular numbers. Avoid, for example, numbers thought to be 'lucky,' such as 7, 13, 23 and 32.

"Don't pick the number 1. It's on about 15 percent of all tickets.

"Do pick the 'especially overlooked' number 46.

"Garibaldi's own advice: Look for a jackpot that's rolled over at least five times yet still remains below $40 million. And be sure not to overlook state lotteries, which have fewer people competing for their pots."

Read the full report on the GMA website.

Lottery study zeros in on risk

No comments:

Post a Comment